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March 25, 2021
iMist Appoints Ex-Kier CEO as Chair Following PE Investment

iMist Appoints Chair Following PE Investment

Cristina Diaconu March 25, 2021

Haydn Mursell, the former CEO of Kier Group, has been appointed as chair of fast-growing Hull-based water mist fire suppression business iMist following a £4.5m investment by private equity firm Foresight Group in January 2021. Founded in 2015, iMist has developed its own range of high-pressure water mist fire suppression

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Panattoni Committing to Develop in Derby

Panattoni Committing to Develop in Derby

Cristina Diaconu March 25, 2021

Panattoni, the largest developer in Europe, has committed to speculatively develop 515,000 sq ft in Derby, at the heart of the UK’s major road and motorway network. The developer is advancing its building portfolio with construction beginning on the site this month for the Derby 515 warehouse. At 514,193 sq

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Latest Issue
Issue 322 : Nov 2024

March 25, 2021

Actis welcomes £562 million energy saving investment for social housing and low-income households

Kenneth Booth March 25, 2021

The allocation of £500 million towards reducing carbon emissions in 50,000 social housing and low-income households across England and Scotland have been welcomed by insulation specialist Actis. The money, which is being distributed to more than 300 local authorities under the government’s Green Homes Grant, will fund energy saving initiatives for fuel poor households. The measures include insulation in lofts, floors and in walls, as well as  renewables such as solar panels and heat pumps. Actis UK and Ireland sales director Mark Cooper said the move was an important step towards helping improve the thermal efficiency of some of the UK’s poorest performing homes. “Around 25% of Britain’s housing stock is more than 100 years old.  It is amongst the worst housing stock in the whole of Europe when it comes to energy efficiency, and is responsible for a third of our carbon emissions. Improving insulation is a pretty crucial element in enabling the nation to reduce its carbon emissions,” he said. He stressed the importance of adopting a “fabric first” approach. “It makes financial sense to ensure that the existing building fabric is as energy efficient as possible before spending resources on other measures. Insulation is generally among the most cost effective and long-lasting measures, and thus the best investment. The Actis Hybrid range tackles U-values, thermal bridging and airtightness. As the products are flexible and can bend round corners and be gently moulded into gaps, they are excellent at creating a thermal envelope, free of gaps through which heat could otherwise escape. The £500 million Green Homes Grant allocation, whose recipients were announced this week, will be augmented by the £62 million first tranche of funding from the government’s Social Housing Decarbonisation Fund.

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Children use construction sites and derelict properties as playgrounds

Kenneth Booth March 25, 2021

families call for increase in site security A call has gone out to urge property owners of construction sites or abandoned properties to ensure children cannot access them over the Easter holidays, after families in Stoke-on-Trent fear a child might be injured if a former school is not demolished. Also a report in The Times cited that young people were breaking into building sites, including a rising trend in ‘urban explorers’ out to investigate unusual, abandoned properties. As schools break up for Easter, the property security specialists, VPS, have heeded the call from parents to warn owners about the risks to children tempted to use building sites or derelict premises as playgrounds during the holidays. “Construction sites and abandoned buildings are a magnet for children looking to explore and play” says Darron Cavanagh, Chief Operating Officer for VPS, “And not only children, but the growing interest in ‘urban exploring’ means many youths and adults are also curious trespassers. But they can be dangerous places. Last June, an urban explorer fell to his death from the roof of an abandoned dairy in Devon.” “Property and landowners of vacant sites are responsible for keeping them safe and secure whilst they lie empty. To remove combustible materials, ensure access points are well-protected, and, for particularly vulnerable sites, to consider remotely monitored CCTV. Quite apart from the costs of rectifying damage from arson or vandalism, if a serious injury or worse happens to anyone – even if they are trespassing –  the owners can be held liable if they are found to have been negligent.” The VPS Group is Europe’s leading temporary security specialist, providing an Intelligent Triple Protection service, securing sites with the widest range of solutions from Monitored Technology such as 24/7 alarms, CCTV Towers, perimeter monitoring and scaffold alarms, as well as traditional Physical Protection, such as steel panels and doors, and Human Intervention – whether that be prevention through use, patrols or surge guarding and inspections. No matter how challenging it is to secure a specific site, VPS can combine the widest range of options to find the best-fit solution for every customer.

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iMist Appoints Ex-Kier CEO as Chair Following PE Investment

iMist Appoints Chair Following PE Investment

Cristina Diaconu March 25, 2021

Haydn Mursell, the former CEO of Kier Group, has been appointed as chair of fast-growing Hull-based water mist fire suppression business iMist following a £4.5m investment by private equity firm Foresight Group in January 2021. Founded in 2015, iMist has developed its own range of high-pressure water mist fire suppression systems, specifically for domestic and larger residential properties. Its proprietary solution offers a number of benefits over traditional fire sprinkler and lower pressure water mist products including more efficient use of water, ease of installation and cost effectiveness. With over 30 years’ experience in the contracting, services and development sectors, Haydn further strengthens the iMist board. From roles early in his career as chief financial officer of Lendlease and deputy group finance director at Balfour Beatty, he went on to join Kier Group as finance director in 2010, becoming chief executive four years later, before leaving the company in 2019. Having operated at plc board level for over 10 years, Haydn has a broad range of financial and management skills. He is strategically minded, with a focus on growth and business performance, managing acquisitions and improving safety, customer experience and employee engagement. Haydn currently holds a number of non-executive and board adviser positions for complementary businesses within the construction industry. Haydn comments: “The need for innovative fire suppression systems which can be quickly, easily and cheaply installed in both new and existing buildings, is a major issue for the industry and iMist has a solution. The move from a sprinkler to a misting system is a natural evolution which gives the end-user a number of benefits, particularly in terms of being more environmentally-friendly as they significantly reduce the amount of water required. “IMist has a sound business model and good market conditions to accelerate its growth, along with the backing from Foresight Group to enable them to realise their vision. Managing director Tony Sims is supported by an extremely knowledgeable management team who have ensured that every relevant safety and quality accreditation has been achieved, and also established an impressive R&D capability. “I immediately like their down-to-earth, honest approach to running the business and felt that with my industry experience and large company background, I could really add value from advising on the best path for growth and overcoming some of the challenges that come with rapid expansion, to corporate governance and measuring business performance. IMist has huge potential both in the UK and internationally and I’m really pleased to be joining the team at such an exciting time.” Tony Sims, managing director of iMist, says: “Haydn has an impressive track record as an experienced CEO, CFO and board adviser, and brings a wealth of skills having worked for some of the best-known construction and infrastructure groups in the UK. Having held senior positions in residential development, civil engineering and building businesses, he really understands our clients and their operational dynamics. “Following our recent PE investment, iMist is now embarking on the next stage in its development and we believe that Haydn will have a pivotal role to play as we optimise the current regulatory opportunity in order to drive further growth and development activities across the UK. We also have ambitious international expansion plans, including targeting the US market later this year.”

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Panattoni Committing to Develop in Derby

Panattoni Committing to Develop in Derby

Cristina Diaconu March 25, 2021

Panattoni, the largest developer in Europe, has committed to speculatively develop 515,000 sq ft in Derby, at the heart of the UK’s major road and motorway network. The developer is advancing its building portfolio with construction beginning on the site this month for the Derby 515 warehouse. At 514,193 sq ft, it is set to be one of the largest single-unit speculative developments under construction in the country, ahead of the Panattoni Wakefield development of 512,850 sq ft. The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park, on Raynesway, two miles east of the city. It is already home to the speculatively built Derby 370 unit, which has recently been let to Alloga UK on a 15-year lease term. Derby 515 is expected to complete Q4 2021, with the potential for circa 500 jobs to be created. The building will have 15m clear internal height, 56 dock doors and 8 level access doors, as well as parking for 185 trailers. It will be built to BREEAM ‘Very Good’ and EPC ‘A’ ratings. Panattoni has also announced a new design to their portfolio which enables the buildings to be split to accommodate two operations. Derby 515 has been designed with a flexible envelope to accommodate a cross-split option, allowing the building to be sub-divided down its length for two occupiers. The cross-split will form two self-contained units of 226,497 sq ft and 287,416 sq ft. Each would have 28 dock doors, 4 level access doors, a secure self-contained yard, a car park and own gatehouse. “The new warehouse will be built to our normal high specifications offering flexibility and energy cost savings to occupiers. This will be one of the largest single-unit spec builds in the country and will benefit from being in one of the UK’s centres for advanced manufacturing and logistics,” said Andy Preston, Development Manager for Panattoni Derby 515.

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Intellectual Property Protection: Know Your Rights as a Construction Company

Kenneth Booth March 25, 2021

From the initial designs to all the calculations and specifications required for the materials, there are many forms of Intellectual Property (IP) in any kind of construction project. Therefore, IP protection is something that should concern anyone involved in managing or owning a construction company.  At first glance, it may be a bit difficult to choose the right form of protection for your company and projects because there are several different laws and regulations for various situations. For instance, it’s important to know when to use a trademark or a patent (among others). Also, when it comes to the construction industry, you won’t just be protecting designs and ideas – there are also other items that need protection such as methods of building, machinery used, and materials.  That’s why, in order to make sure others won’t profit from your hard work, it’s important to learn how to protect intellectual property. This usually requires knowledge of IP protection laws in your state, but it’s also a good idea to have a specialist review your actions and provide guidance.  Why IP Protection is Vital in Constructions Contractors have a complex job that involves a lot more than just physical labor. In fact, the part we all see (the actual construction work) is among the last steps they need to take. But, for a project to reach this stage, there are lots of other elements to consider and plenty of issues to solve.  The early parts of a construction project require collaboration with all sorts of specialists, institutions, material suppliers, subcontractors, and owners. Therefore, without proper protection, it is easy for a construction company to lose sight of trade secrets and other IP items that may lead to a loss in profits. In fact, each construction company has its own way of doing things, which can be damaging if it would be rebranded and copied by the competition.  Let’s take architectural copyrights as an example (these are among the most interesting intellectual property concepts in this industry). Copyrights can cover blueprints, technical design documents, architectural works, elevations, and more. The rights are usually attributed to the creator (which, in this case, is the architect or the engineer) but can be bought or assigned through a contract. The company can also register the contract at the Copyright Office, but it’s not mandatory in most cases.  Another form of IP protection is the utility patent (the most common type of patent), but it may be a bit difficult to obtain since there are already lots of patents related to the construction industry. The patent can make reference to a wide range of elements such as materials, business methods, construction processes, even equipment. However, the litigation for patent infringement can be quite expensive and it’s oftentimes risky, which is why a specialist would recommend adding a contractual clause that prevents anyone involved from leaking out information about IP.  Wrap Up Whether you’re a small contractor or a modern company looking to implement life-changing construction projects, IP protection is vital for the well-being and future of your business. Therefore, make sure to find a reliable IP lawyer and advisors that can help you put in place procedures and systems to keep prying eyes away from your intellectual property treasures. 

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